Seattle Tech Company Highspot Raises $75M in Latest Funding Round

The company plans to use the capital to advance its sales-enablement technology and to fund further expansion
Updated: Tue, 12/03/2019 - 08:36
 
 
  • The company plans to use the capital to advance its sales-enablement technology and to fund further expansion
Highspot Inc. CEO Robert Wahbe.

Highspot Inc., a Seattle-based sales-enablement technology company, announced that it has raised $75 million through a series D-1 funding round, bringing the company’s total funding to date to $200 million.

The funding round included participation from existing investors ― among them ICONIQ Capital, Madrona Venture Group and Sapphire Ventures. The new capital will be used to advance the company’s technology, operational firepower and future expansion plans.

Highspot helps its customers, such as Amazon, Starbucks and Dropbox, leverage marketing and sales resources via a digital platform that features search capabilities, analytics, training, guided selling and some 50-plus technology integrations ― all powered by an artificial-intelligence engine. 

“We’re selling to 20 million sellers and marketers worldwide, but we see [sales] enablement expanding to help 50 million people across sales, marketing, services and support,” says Highspot Chief Executive Officer Robert Wahbe. “We’re investing heavily in growing our team of top talent — experts who understand machine learning, AI, cloud and who have a deep sense of customer delight. [They] are what’s going to drive the next wave of our growth.”

This past June Highspot raised $60 million through a series D funding round to support the company’s global expansion and to extend its edge in sales-enablement technology. The company took home a Gold Award in October in the 2019 Tech Impact Awards sponsored by Seattle Business.

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